Singapore stocks may fall on fiscal cliff fears as Obama wins second term.
The 30-share ST Index ended up 23.94 points, or 0.79%, at 3,043.27. In the broader market, gainers topped losers more than two to one with 1.57 billion shares valued at $1.40 billion changing hands. Here are some stocks and factors to watch:
Overseas Union Enterprise said it would decide by mid-November whether to bid for Fraser and Neave, one day before an existing takeover offer by a Thai billionaire lapses.
United Overseas Bank, the smallest of Singapore's three banking groups, on Wednesday posted an almost 36% rise in third-quarter net profit, helped by strong fee and commission income and trading gains.
ST Engineering said its third quarter net profit rose 9% from a year ago to $146.4 million, helped by strong earnings from its land systems sector.
Offshore oil and gas firm Ezra Holdings said its subsea arm, EMAS AMC, had won two contracts with South Korean companies worth a total of US$200 million ($244.6 million).
Midas Holdings said it would report a net loss for the third quarter, due to lower revenue, higher operating expenses and finance costs, as well as a loss from its associated company Nanjing SR Puzhen Rail Transport.
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